P&G Announces Results for the Third Quarter of Fiscal Year 2015

Thursday, April 23, 2015 12:24 pm BST

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Today, we announced results for the third quarter of our 2015 fiscal year. You can read the full details in today’s news release.

23 April 2015, The Procter & Gamble Company (NYSE:PG) reported third quarter fiscal year 2015 core earnings per share of $0.92. On a currency-neutral basis, core earnings per share increased ten percent for the quarter. Diluted net earnings, which include all restructuring charges and impacts from discontinued operations, were $0.75 per share. Net sales were $18.1 billion, a decrease of eight percent versus the prior year period, including a negative eight percentage point impact from foreign exchange and a negative one percentage point impact from minor brand divestitures. Organic sales grew one percent.

“Our third quarter earnings results were largely in-line with what we had expected,” said Chairman, President, and Chief Executive Officer A.G. Lafley. “We delivered double-digit constant currency core EPS growth with significant currency-neutral gross and operating margin expansion from over 400 basis points of productivity savings from programs that continue to gain momentum. This quarter the productivity progress was offset by foreign exchange. As we have done before, we’ll offset foreign exchange over time through a combination of pricing, mix enhancement and cost reduction. We are focused on the significant opportunities in our control, including brand initiatives and product innovation, business and brand portfolio simplification, overhead savings and major supply chain productivity initiatives, to improve results in 2015 and beyond.” 


READ the full press release


Financial Communications Corporate Communications
Jennifer Corso, 513-983-2570
corso.jj@pg.com 

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